I am supposed to get the cost of goods sold and explain the impact under IFRS and US GAAP on the following scenario: On December 31, 2016, Saulgroup's inventory of product x historical cost 1,000.000. Replacement cost 700,000. Estimated selling price 850,000 and estimated selling cost 100,000. SaulGroup, inc. the entire inventory on was completed in 2017, at a cost of $90,000. and sold at $870,000. What is the impact that product X has on income in 2017 under IFRS and US GAAP.